JetBlue 2Q Earnings

[StarChecker]

http://www.reuters.com/article/2013/07/30/jetblue-results-idUSL1N0G00FY20130730

So we have the worst health insurance, worst retirement, and very shortly the lowest hourly pay rates (next year alone the average goes up 18.3% above our highest rate) and we have the second worst profit margin in the industry.

This MIT Chart shows Industry Average Labor Costs at 3.68/Equivalent Seat Mile.

http://tinyurl.com/madd9ar

JetBlue sits at 2.64.


We are just about the cheapest pilot group in the industry. Our compensation package is the worst.

And they're coming for more.....

 

[Beechnut]

I don't think you appreciate the sweet spot.

 

[CapnVegetto]

JetBlue is making a LOT more money than they are reporting. They are just spending/hiding it well.

 

[coogebeachhotel]

"$3 million booked for 3A arbitration claim" ? Interesting

 

[Nevets]

http://www.reuters.com/article/2013/07/30/jetblue-results-idUSL1N0G00FY20130730

So we have the worst health insurance, worst retirement, and very shortly the lowest hourly pay rates (next year alone the average goes up 18.3% above our highest rate) and we have the second worst profit margin in the industry.

This MIT Chart shows Industry Average Labor Costs at 3.68/Equivalent Seat Mile.

http://tinyurl.com/madd9ar

JetBlue sits at 2.64.


We are just about the cheapest pilot group in the industry. Our compensation package is the worst.

And they're coming for more.....

Why haven't we seen a union election then?

 

[coogebeachhotel]

It is NOT a labor cost problem. It is a REVENUE problem for B6. No premium service(First, Business) and very little cargo.

 

[Otto77]

JetBlue is making a LOT more money than they are reporting. They are just spending/hiding it well.

Agreed.. How much money is funneled to Live TV and other Joel Peterson enterprises etc. paying for lodges and what not so as to not report a large stash on hand. I'm sure BoBs are already making excuses and concession plans ha

 

[Yuppyguppy]

Is the dream coming to an end?

 

[geardown]

The dream has always been just a lie. I don't fault management for acting like management ( lying thieves that they are). The pilots are responsible for looking out for themselves, and so far they haven't.

The ball is in the pilots court and we shall see if they hit it back or just let it bounce again. Letting it bounce has worked out real well for them in the past (tic).

 

[Ski-N-Fly]

Send in a card. Tell your friends to send in a card. Have them tell their friends to send in a card.

 

[StarChecker]

I don't fault management for acting like management ( lying thieves that they are). The pilots are responsible for looking out for themselves, and so far they haven't.

Well said.

 

[BeachBummer]

Why haven't we seen a union election then?

You mean like the one in 09' and the one in 11'? Even FedEx took three rounds. Some people's tolerance for abuse is higher than others.

 

[pilotpayne]

It couldn't be mx costs could it?


From the article
"While expenses for maintenance materials and repairs soared 31 percent".


I think if mx costs had stayed the same we would be looking at 126 million.


But if you want to go with a conspiracy theory go ahead, I guess you guys all have a masters in accounting and know everything.


How about we stick to flying planes and working for a union and lay off the conspiracy theory.


Or you can just apply to go somewhere else since ANYWHERE is better than jetBlue



And yes I am a yes voter and sent in 2 that's 2 cards.....

 

[pilotpayne]

It is NOT a labor cost problem. It is a REVENUE problem for B6. No premium service(First, Business) and very little cargo.

I would think the 321's should help that....How much cargo can that thing hold going down to the DR?

 

[B6Busdriver]

It is NOT a labor cost problem. It is a REVENUE problem for B6. No premium service(First, Business) and very little cargo.

Alaska 2nd quarter revenue...... $1.256 billion with a $105 million dollar profit

JetBlue 2nd quarter revenue.......$1.34 billion and a $36 million dollar profit

 

[B190Captain]

It is NOT a labor cost problem. It is a REVENUE problem for B6. No premium service(First, Business) and very little cargo.

You're right it is not a labor cost problem. It is a leadership problem.

I know that we are making a killing on cargo. I spoke to the rep myself.

TO ALL PILOT JOB SEEKERS.

STAY AWAY FROM JETBLUE. GO TO REAL AIRLINES, UAL, DAL, ALASKA ETC..

THIS PLACE IS ONE BIG DISAPPOINTMENT. IF HEALTH INSURANCE/PRESCRIPTION, DISABILITY, RETIREMENT ETC..IS IMPORTANT TO YOU STAY AWAY FROM JETBLUE.

 

[pilotpayne]

You're right it is not a labor cost problem. It is a leadership problem.

I know that we are making a killing on cargo. I spoke to the rep myself.

TO ALL PILOT JOB SEEKERS.

STAY AWAY FROM JETBLUE. GO TO REAL AIRLINES, UAL, DAL, ALASKA ETC..

THIS PLACE IS ONE BIG DISAPPOINTMENT. IF HEALTH INSURANCE/PRESCRIPTION, DISABILITY, RETIREMENT ETC..IS IMPORTANT TO YOU STAY AWAY FROM JETBLUE.

So you will be leaving us?

 

[Cavity]

I would think the 321's should help that....How much cargo can that thing hold going down to the DR?

ahhhh....cargo.....you mean drugs right?

 

[pilotpayne]

ahhhh....cargo.....you mean drugs right?

As long as we get a cut

 

[B190Captain]

so you will be leaving us?

absolutely